Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that includes a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Swifty Corporation? O $ 106600 O $ 36400 O $150800 O $ 52000

Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that includes a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Swifty Corporation? O $ 106600 O $ 36400 O $150800 O $ 52000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter24: Multistate Corporate Taxation

Section: Chapter Questions

Problem 26P

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